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living wage
(redirected from living wages)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
living wage
a wage adequate to permit a wage earner to live and support a family in reasonable comfort


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Mary's College of Maryland) reviews the historical work of such noted economists as Adam Smith and John Stuart Mill on the subject of living wages, and compares these ideas with more modern free-market models that do not necessarily advocate these concepts.
The report criticises other traders, including Levi Strauss, Burberry, French Connection and Matalan, for having done "no work to speak of" on living wages.
Of course, raising wages increases the cost of doing business, and corporations are concerned that in the long run, money will be lost to other cities which do not have living wages.
 
 
 
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